secwatch.observer — SEC 8-K summary
======================================

Issuer:     EOG RESOURCES INC (EOG)
CIK:        0000821189
Form:       8-K
Filed at:   2023-04-11T23:59:59+00:00
Accession:  0000821189-23-000019
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 7.01
LLM model:  deepseek-v4-flash:cloud@v2

EOG updates crude oil and natural gas price sensitivity for FY2023; Q1 derivative MTM gain $376M
--------------------------------------------------------------------------------

- For each $1/bbl change in crude, FY2023 net income impact ~$137M; pretax cash flow impact ~$175M.
- For each $0.10/MMBtu change in natural gas, FY2023 net income impact ~$35M; pretax cash flow ~$44M.
- Q1 2023 anticipated net gain on mark-to-market of commodity derivatives: $376M before tax.
- Net cash paid for derivative settlements in Q1 2023 was $123M.
- Collateral posted at March 31, 2023 was $0 vs $324M at December 31, 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/821189/000082118923000019/0000821189-23-000019-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/821189/000082118923000019/eog-20230411.htm
  HTML page:      https://secwatch.observer/filing/0000821189-23-000019

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer